NIMASA, Shipowners engages over Disbursement of CVFF

NIMASA, Shipowners engages over Disbursement of CVFF 

Joy Mmereole Okoli
The management of the Nigerian Maritime Administration and Safety Agency (NIMASA), has met with the Nigerian Indigenous Shipowners Association (NISA) Cabotage Vessel Financing Fund (CVFF) Steering Committee as the Federal government plans disbursement of the CVFF. 

This measures by NIMASA is taking following approval of President Mohammed Buhari that the Cabotage Vessels Financing Funds (CVFF) should be disbursed.

The  NIMASA management, met with the NISA CVFF Committee led by its Chairman Dr. Edward Sohwo to the meeting  held recently in Lagos. 

According to a statement by Head of Public Relations Unit, NIMASA, Osagie Edward, the consultation and engagement with the shipowners is to ensure effective communication to attain seamless disbursement of the CVFF as approved by President Muhammadu Buhari. 

NIMASA Director General, Dr. Bashir Jamoh reassured indigenous shipowners of the commitment of the Agency under the supervision of the Federal Ministry of Transportation, to implement the Presidential approval for the disbursement of the fund.

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